Mexican consortium attempting Mexicana rescue

A Mexican consortium called Tenedora K announced it has acquired 95% of troubled Mexicana Airlines' holding company and will take over the airline as well as subsidiaries MexicanaClick and MexicanaLink.

Mexicana Airlines A318. Photo: By Rob Finlayson.
A Mexican consortium called Tenedora K announced it has acquired 95% of troubled Mexicana Airlines' holding company and will take over the airline as well as subsidiaries MexicanaClick and MexicanaLink.
The carrier's pilots will own the remaining 5% of the holding company, Nuevo Grupo Aeronautico. Financial details of the transaction were not disclosed; more information is expected to be released Aug. 25, Fernando Perfecto, ...